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Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs Copa Ca Tana including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $489,750 - $517,000 | $92,900 - $143,000 |
Franchise Fee | $35,000 | $9,900 |
Royalty Fee | 6% | - |
Advertising Fee | 2% | - |
Year Founded | 2003 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of initial franchise fee | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The Palms Tanning Resort offers the most luxurious tanning beds and products available in the world. It's a unique and exciting tanning franchise concept. By providing an elegant, high-end tanning resort experience to each and every guest, The Palms provides much more than just a tan. The Palms' guests find themselves transformed into a lush, tropical world where their tanning experience helps them escape their everyday lives, and find the tranquility that only The Palms can bring them.
CopaCaTana has positioned itself to become the premier operator of tanning salons. We believe in providing the ultimate tanning experience. This includes superior tanning equipment and products, excellent customer service to both our external and internal customers (franchisees and employees), and reasonable prices so everyone can enjoy the benefits of CopaCaTana.